The company says it has achieved top positioning in the battery energy storage sector in its home market of China, with
5 GWh of battery products shipped in 2022 alone, ranking first in terms of projects supplied.

“To prepare for a global market presence”, Hithium says it is currently building out its manufacturing capacity from 15 GWh to
70 GWh by the end of 2023, and to 135 GWh by 2025.

Hithium describes itself as one of the largest battery producers to focus solely on stationary energy storage systems, with “more than a thousand employees working on research and development across its four distinct research institutes.”

Along with safety innovations and extending battery lifespan to 12 000 cycles, the company says it has also driven down costs. “We’re reducing the cost of high- quality energy storage and aiming to do for stationary batteries what the Chinese solar industry has done for the global solar sector,” said Ziqi Yi, Hithium CTO.